Revlon Consumer amends, extending $36.3 million of FILO tranche

By Sara Rosenberg

New York, April 23 – Revlon Consumer Products Corp. amended on April 17 its asset-based credit facility, extending $36.3 million of the $41.5 million senior secured first in, last out tranche B of the revolver to May 17 from April 17, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

The remaining roughly $5.2 million of FILO tranche loans or commitments were repaid or terminated on the closing date.

In addition, pricing on the FILO tranche was increased by 75 basis points and the debt is subject to a 0.775% Libor floor.

Also, the amendment prohibits any restricted payments from the closing date until the earlier of the extended maturity date and the date the FILO tranche is terminated, subject to some exceptions for intercompany restricted payments.

Citibank is the administrative agent.

Revlon is a New York-based beauty company.

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